Blue Owl Capital Corporation (NYSE:OBDC) Holdings Raised by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 6.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,610,059 shares of the company’s stock after buying an additional 166,402 shares during the period. Blue Owl Capital makes up about 2.7% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Transcend Capital Advisors LLC’s holdings in Blue Owl Capital were worth $38,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Blue Owl Capital by 9.2% in the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company’s stock worth $111,696,000 after purchasing an additional 620,521 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Blue Owl Capital by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company’s stock worth $72,361,000 after purchasing an additional 236,467 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Blue Owl Capital by 8,188.9% in the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock worth $68,762,000 after purchasing an additional 4,385,987 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Blue Owl Capital by 4.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company’s stock worth $46,227,000 after purchasing an additional 129,038 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Blue Owl Capital by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company’s stock worth $36,843,000 after purchasing an additional 174,759 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Victor Woolridge bought 6,915 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the transaction, the director now owns 28,191 shares in the company, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

Blue Owl Capital Trading Up 1.4%

NYSE OBDC opened at $14.66 on Friday. Blue Owl Capital Corporation has a one year low of $12.11 and a one year high of $15.87. The company has a 50-day simple moving average of $14.35 and a 200-day simple moving average of $14.67. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $7.49 billion, a PE ratio of 9.45 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. The firm had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. On average, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a $0.01 dividend. This represents a yield of 11.51%. The ex-dividend date of this dividend was Friday, May 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 95.48%.

Wall Street Analysts Forecast Growth

OBDC has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a “buy” rating and a $16.00 price target for the company. B. Riley assumed coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a “buy” rating and a $15.00 price target for the company. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.64.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.